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energy. the former government said it would aim to take all reactors off line within a couple of decades but now a new government is in power and promising a different approach. >> reporter: prime minister abe is putting everything on the table when it comes to japan's energy policy. he and others in the committee have said they will explore possibilities including restarting nuclear reactors. >> translator: we need to decide our energy policy based on technical assessments. we will not start with the conclusion of halting nuclear power generation by the 2030s. >> reporter: the previous administration led by former prime minister yoshihko noda drafted an energy policy that stated the government would aim to shut down all nuclear plants by the 2030s. before last year's accident in fukushima, nuclear power accounted for 26% of the total energy supply in japan. currently only two out of 50 reactors in the country are online adding a mere 3% to the supply. fossil fuels are taking up the slack. utilities are paying more to import lng or liquefied natural gas to fire thermal plants. many are p
to question the use of atomic energy. the former government said it would aim to take all reactors off line within a couple of decades but now a new government is in power and promising a different approach. >> reporter: prime minister abe is putting everything on the table when it comes to japan's energy policy. he and others in the committee have said they will explore possibilities including restarting nuclear reactors. >> translator: we need to decide our energy policy based on technical assessments. we will not start with the conclusion of halting nuclear power generation by the 2030s. >> reporter: the previous administration led by former prime minister yoshihko noda drafted an energy policy that stated the government would aim to shut down all nuclear plants by the 2030s. before last year's accident in fukushima, nuclear power accounted for 26% of the total energy supply in japan. currently only two out of 50 reactors in the country are online adding a mere 3% to the supply. fossil fuels are taking up the slack. utilities are paying more to import lng or liquefied natural gas to fire
energy drilling policies to get at the national resources and of course, the big story that you mentioned, paul, is what's happening with right to work, it wasn't just michigan, sometimes we forget earlier indiana became a right to work state, too, so, two midwestern states that have traditionally been pretty heavily unionized moved to right to work and i wouldn't be surprised if next year we see a couple more states fall. >> interesting contrast in maryland and virginia, neighboring states. you have in virginia, a republican governor cutting taxes, cutting spending. in maryland, you have a liberal democratic governor who's raised tacks all kinds of taxes, income taxes, gas taxes sales taxes, you name it. as a result virginia has a job growth rate that is three times that of maryland. virginia has a lower unemployment rate. so you see that contrast and paul, i think in this election, it actually worked to the president's benefit in some of the swing states like o-ohio and virginia and you had the voters in the states experiencing above average growth thanks to the policies of republican g
on 2016. when way come backna from -- when we6. come back from energy to c education, it is picked for the good news stories of the year. >>> well, just when you thought there wasn't all that much to cheer about in 2012, a panel is here with some good news. "wall street journal" editorial board member starts us off. what is your big good news of the year? >> it is a high energy story. >> just like you, high energy. >> basically we have through technology, the united states has discovered it has a huge amount of both shell oil and shell gas, and it can get it out of the ground. as i say thanks to technology. and that's not just a u.s. story. it is a north american story. there was a ton of oil in canada. there is the same geological formations in mexico. there is a lot of energy that can come upe'. the ceo of flor says there is at least $30 billion of potential c projects around the u.s. gulf of mexico. >> u people say by 2020 we could be self-sufficient in terms of providing most of the oil and the gas we get domestically. what are the implications of this for the larger economy?
on this pig. >> look closer at the energy sector. it was the worse performer with energy stocks ending lower for the sixth straight session. the move lower comes despite a rise in more than 2% on crude oil this week. david? david: as was just said, it's not all red. there is some green on this markets, and it's focusing on retailers. barnes & noble, macy's, zales. people buying diamond rings and bracelets. >> oh, i wouldn't know, david. i'm not a realist, apparently. david: only one woman on my diamond list, but go ahead. >> a look overseas at japan, last trading day of the year, shares closing, get this, at the highest level since last year's tsunami for the year gaining 23%, the biggest percentage rise since 2005. ending on a nice positive note over there. david: wish it was good here. congressional leaders meeting with the president, what's hanging on the edge of the cliff is higher taxes on dividends. coming up, the chairman and ceo of southern company owning a bunch of power companies in the south tells us why the tax hike would be a huge blow to his industry, a blow everybody will feel
about america's energy, economy and environment. i'm greg dalton. in 1988, nasa scientist james hansen told a congressional hearing that it was 99% certain that burning fossil fuels was heating the earth's atmosphere. the next day, a new york times headline proclaimed, quote, global warming has begun, expert tells senate. a quarter century later, dr. hansen and other scientists are still striving to convince much of the united states that basic scientific observation -- seas are rising, glaciers are disappearing, floods are increasing. humans are the cause. about half of americans now accept that fact, 40% do not, according to gallup. over the next hour, we will discuss climate science communication, public policy and opinion, with james hansen and our live audience here at the commonwealth club of california in san francisco. today, dr. hansen is receiving the 2012 stephen schneider award for outstanding climate science communication bestowed by climate one. stephen schneider was a pioneering scientist at stanford who was involved in the formation of climate one that which is a sustai
is taking advantage of the sustainable energy source and its usage rate is the second highest in the world. now it's strengthening its industry by teaming up with counterparts from around the globe. >> reporter: steam rises and the air smells faintless of rotten eggs. it is the second largest geothermal power plant in the philippines. the philippines scrapped their nuclear power program in the 1980s in order to pursue renewable energy. gee yoe thermal accounts for 22% of the country's energy. that is the second highest rate in the world. the national economy is on the rise as is the demand for power. to meet that growth, the government has the ambitious goal of increasing total geothermal power output by 75% by the year 2030. there are many challenges to achieving that target. an average size geothermal plant costs $13 million to build. further development also requires new technology for drilling and surveying. but the country is taking steps to bring its goals into reach. manila hosted an international meet williing for countries tha geothermal power. >> it's an exchange of experiences,
as to whether there would be a challenge for that. we observed that the rise and shine has more energy needs for more energy than they can produce themselves, and to maintain the economic growth which they believe is essential. we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a confrontation with the united states' desire to maintain free access. the best way of avoiding that military conflict is what we should see because the military conflict with china would be catastrophic for both nations, indeed for the whole region. so, we want to avoid that. i believe the best way of avoiding that is by maintaining a -- continuing to maintain a strong naval presence in the region, and by having an unambiguous commitment to doing that. i believe that our new national security strategy is that unambigu
energy companies that are creating jobs, it would extend unemployment insurance to 2 million americans who are actively looking for jobs out there. i have to say that ever since i took office, throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain or whatever you want to call it, that solves the deficit problems in a balanced and responsible way that does not just deal with taxes but also spending so that we can put all this behind us and focus on growing our economy. with this congress, that was obviously too much to hope for at this time. [laughter] maybe we can do it in stages. we will solve this problem instead in several steps. in 2011, we started reducing the deficit through $1 trillion in spending cuts which have taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades so that would add additional hundreds of billions of dolla
quick from a ceo, particularly from a an industry giant. speaking of energy industry giants now that the election is over what will happen with the keystone xl pipeline? it is planned to stretch from canada to the gulf of mexico and has been plagued with controversy since day one. construction on the southern leg is underway but the northern section is still up for debate. transcanada hopes its most recently revised route will ease concerns over nebraska's environmentally sensitive sand hills region and i had a chance to ask ceo russ germing to lay out the details. tell me about the route. hopefully we can put the picture up again. there are a quite a few little loops along the way to make sure it doesn't touch this environmentally sensitive area. in a way are you sort of calling the president's bluff, saying, well, we have done everything we're supposed to, now approve it? >> i think we'veone that, we've done everything that we are supposed to do for the wholerocess tha started well over four years ago. and, this is just the latest, you know, adjustments we made to the route. t
in emissions. if there are more people on the planet burning carbon for energy, we will be adding more carbon to the atmosphere. on the other hand, people who are living in a western-style exist then use a lot more energy than people in the developing world. one of the terms in the product of terms from which we deduce future carbon emissions is global population. we tend to believe the global population will stabilize with 10 billion people by the middle of the century because the developing world will take on some of the characteristics of the western world in terms of their rate of production, for example. when you look at some of those projections, built into many of them is the assumption that the global population will eventually stabilize. if it does not do that, it means that the problem is even worse. that is the key uncertainty, the wild card. >> the bottom-line is a really nice where people are in the world, but how many people want a u.s. lifestyle. >> thomas rÜgen talks about an america that has 3 billion people. >> my name is wayne rauf. it is -- wayne rth. what will it take to
be across the board for everybody and, in the energy area, if take really come down hard on fracking which has been a very important asset for our country. >> all right, sorry we have to leave it there. an interesting conversation. thank you very much wane. best wishes for the new your. wayne kaufman of john thomas financial. thanks a lot >> susie: the fiscal cliff isn't the only drama playing out for the u.s. economy: there's also the "container cliff". 14 ports along the u.s. east and gulf coasts are at risk of closing if longshoremen and the international maritime alliance cannot reach a deal by saturday. federal mediators have been called in to help with last minute negotiations. at the heart of the dispute: container royalties. those fees charged to shippers were implemented in the 1960s to help dock workers displaced by technology. the maritime alliance wants the royalties capped. earlier this month a port strike in southern california, cost an estimated $1 billion a day. netflix is blaming problems at its web service provider, amazon for a server outage that took down its streaming
their stake in the energy business. energy was once a popular investment on wall street. in 2008, big banks were so involved in the market that banks powered an estimated 2 out of every 5 residential customers. however, lower prices and more regulation following the enron collapse are causing firms to take a step back from the business. recently, federal regulators banned jpmorgan chase from selling electricity for 6 months. it's part of an investigation that the bank manipulated energy prices in some parts of the u.s. the holiday parties are winding down on wall street. several financial firms in new york called off holiday events or scaled back. report say morgan stanely and credit suisse did not sponsor parties. citigroup, deutche bank, barclays and the investment banking unit of bank of america left it up to individual departments to pay out of their own accounts. back in the day, as in before the financial crisis, wall street firms rented out nightclubs and steakhouses in midtown for holiday celebrations. the u.s. government is calling in the national academy of sciences for yet anothe
. then regulation nation. while the president promises green energy, environmental rules have choked the industry and sent millions to the unemployment lines. >> he is bound and determined to have that level of taxation out of the country. >> the new taxes that lie ahead. and getting married? buying a new home? >> family is the basic economic building block of the country. >> why the best time to do it is now. >> ladies and gentlemen, governor mike hukabee. >> hello, everybody and welcome. delighted to have you here. what a great audience. welcome to "huckabee" from the fox news studios in new york city. as we wrap up 2012 and get ready for 2013, happy to have you with us. now tonight we are going to take a look ahead and look at some of the key issues that will impact us in the new year. first, let's look back at some of the most memorable quotes from last year. the president is going to be sworn in for his second term in a few weeks. so what will four more years of obama bring? he gave as you preview of what is to come in march. >> after the election i will have more flex ability. >> yikes. mor
is that senators will devote much more of their energies to governance. in a perfect world, we would not only govern, we would execute a coherent strategy. that's a very high bar for any legislative branch to clear but we must aspire to it in cooperation with the president because we are facing fundamental changes in the world that will deeply affect america's security and standard of living. the list of such changes is long but it starts in asia with the rise of china and india as economic political and military powers. the obama administration has conspicuously announced a pivot to asia. at the center of this pivot is china, which exists as both an adversary to certain u.s. interests and a fellow traveler sharing mutual goals and vulnerabilities on others. the ongoing challenge will be for the united states to discern discern, sometimes issue by issue, whether china is an adversary or a partner. and this calibration will impact america's relations with the rest of asia and may ultimately determine prospects for war or peace in this world. while visiting indonesia thailand and the philippin
on the mileage stickers on cars. it improves our energy efficiency. that's a good thing. that is spurring growth. but the kind of reforms we have on wall street have not solved the problem. look at what happened last week's at usb, not only wild and irresponsible behavior, but then we have attorney general holder determining that he general holderubs the fullest -- attorney general holders a betty cannot prosecute ubs because he is afraid ubs is too big to shut down and would destroy financial markets. i thought dodd-frank was supposed to fix that. what was so disconcerting was the democrats did not join senator grassley in their u.n outcry about that protect the integrity of financial markets. it is something that should be bipartisan. but it is not, apparently. that is an example of regulation cannot afford. not all it is it is expensive, it's keeping people from getting loans, and it is impeding economic growth, which we need to pay for that column i talked about. host: on twitter -- guest: it is not. it is something people gravitate to because they use a rhetorical device to say there's a wa
extend tax credits for clean energy companies that are creating jobs, it would extend unemployment insurance to 2 million americans who are actively looking for jobs out there. i have to say that ever since i took office, throughout the campaign, and over the last couple of months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain or whatever you want to call it, that solves the deficit problems in a balanced and responsible way that does not just deal with taxes but also spending so that we can put all this behind us and focus on growing our economy. with this congress, that was obviously too much to hope for at this time. [laughter] maybe we can do it in stages. we will solve this problem instead in several steps. in 2011, we started reducing the deficit through $1 trillion in spending cuts which have taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades so that would add additio
. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> from ours to yours happy holidays from "mad money." >>> welcome back to "mad money" special earnings season companion show. how not to be overwhelmed by earnings reports so you can profit from them in an informed and confident way, make money at home. we went over how i like to use the earnings reports to figure out the growth rate and stock price to figure out whether it's too expensive or cheap against its sector and the rest of the market. the next w
and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is the first step toward rebuilding japan's diplomacy and security. >> abe promised the central government will take the lead in rebuilding disaster-hit regions in northeastern japan, especially fukushima prefecture, home to the damaged nuclear plant. the new prime minister says he will achieve results as soon as possible to redeem the trust of the japanese people. >>> prime minister abe's launched his cabinet tuesday after the top lawmakers elected him to the top job. both houses of parliament elected abe as prime minister, a post he held between 2006 and 2007. abe is the first politician in 64 years to return to the position after resigning. his liberal democrats ruled japan almost continuously for half a centu
energy is going to involve lots of investment, lots of jobs, lots of growth. what kind of growth? and in the long term there may be this question of. >> caller: an economy, can capitalism grow infin nightly? more immediately we have this subset of that question which is can we keep burning fossil fuels and the answer is no. >> and there's a nonenvironmental aspect to this. >> yeah. there are a lot of things that are wrong with gross domestic product. bobby kennedy talked about it in 1968 in which i keep going back and finding these kennedy quotes. it says, if we judge the united states of america by that, it counts air pollution and cigarette advertising and ambulances to clear away our highways of carnage yet the gross national product does not allow for the health of our children, the quality of education or joy of their play. in short, it measures everything except that which makes life worthwhile. it can tell us everything about america except why we are proud that we are americans. >> great quote from bobby kennedy. we're going to keep talking about growth, its limits, and h
energy shortfall, a shortfall which has become a nationwide crisis. this summer, thousands took to the streets to protest against the frequent power cuts, protests which turned violent. many were left without electricity for a ban 18 hours per day at a time of year when temperatures could reach up to 45 degrees celsius, and in recent months, natural gas and compressed natural gas supplies have also been an issue. this is making it difficult for those who use the fuel to heat their homes and power their cars, but the energy crisis is a long-running issue, made worse by corruption and poor management by successive governments. along with a lack of foreign currency reserves, it has become impossible for the government to purchase enough power from independent suppliers to sell to consumers. >> fundamentally, if you look at what pakistan faces, at the end of the day, the issue is government. >> around 80 million people are eligible to vote in the upcoming election, but with these basic needs nowhere near to being met and many other issues still pressing, the voters in pakistan will
and have enormous problems, but i don't think i've ever met someone who was a totally dark energy that had no humanity or sense of love or affection for anything in their life. that's very rare. but i think that as human beings we tend to compartmentalize, and we have a selective morality based on the situation we're in. and i think that's a very modern thing. it's a problem we have and that we cheat on our taxes and maybe we have a mistress on the side, but in this other area we're totally honest and straightforward and have a moral point of view that is consistent, and we think that's okay. but the moral decisions we make in one part of our life resonate through everything, and i think that's a lot of what we're talking about in this film as well. tavis: the characters are not the same, i want to be clear about that, but i was fascinated to go back through your corpus of work and i think i knew this, but i had forgotten it. you famously turned down the gordon gekko character, michael douglas played that. >> everyone asks me about that. first of all, no one could have done this better tha
, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> doug: former president bush is in the hospital and unlikely he will leave intensive care unit anytime soon. spokesman says he is continuing to improve and is alert and in good spirits. the 88-year-old has been treated for over a month now after terrible case of bronchitis that triggered a series of complications. military hero and decorated four-star general normon schwarzkopf died on thursday. we look at his distinguished service to the united states. >> he spearheaded the lindbergh baby kidnapping. as a teenager he accompanied his father to iran where tolder trained the police and advised the shop. he served two tours in vietnam and highly decorated getting reputation to protect the troops and suggesting himself to enemy fire before them. the epitath should read he was a soldier who loved soldiers. he didn't suffer fools. his determination set him apart. >> going around or over. his plane-spoken qualities and bankruptness endeared him to the press and people. >> as far as saddam hussein
recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ tom: the senate just passing the $60 billion hurricane s&p relief bill in the st hour. now heads to the house for a possible weekend vote. the senate passing is good news for the victims of sandy, but the bill is also packed with projects that have nothing to do with the storm, like a new roof for the smithsonian museum. i'm sure there would like a new roof, but this is supposed to be for hurricane victims. millions for tree plantings and towns which sandy did not even pa, let alone damaged. my next guest says that is wh they should have voted against it. american majority action spokesman, i just saw your tweet. you're talking about, what was it, $200 million for alaskan fisheries. you said, why alaska? >> i don't know. alaska is the only state in he union where you et a plate -- paid to live. they all have to pay taxes. they can afford fishery project. the bigger project is, why was this in the emergency bill for hurricanes in the? doesn't make any se
master while recording my debut album. how u ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. time for citi price rewind. because your daughter really wants that pk castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> i
about we won independence, energy independence in this country. gosh, it just seems like all of that is movi in the right direction. >> yes. we are projected to overtake saudi arabia and oil production in the next couple decades, precisely because of this palm. if you go out to places like north dakota, fo instance, which is about the balkan shale formation, uc -- it's incredible you have towns of 1 percent unemployment rates. north dakota has the lowest. tom: new york and california with all kinds of oil under their feet and they won't take it. >> that's right. you have groups of using the legal system, trying to up suits either prevent this from happening or tighten up regulations will bring regulation faugh to the federal level. it's a shame. as you know, these towns that have really been very -- hit very hard would do very wellif we expanded this pactice. tom: it would provide jobs, money, taxesnd all that. laughlin from the heritage. thank you. appreciate. >> thank you for adding me. tom: well, martin class by a teacher with no class. of for wearing a mitt romney t-shirt
check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down about there about 35 points, around half a percent. and overnight in japan, the nikkei, the yen falling to a 20-month low. you have the nikkei up 1.5%. the nikkei -- yen versus the dollar as shinzo abe returns to office as japan's new prime minister, promising monetary and fiscal reforms. we have the shanghai composite there up about a quarter percent. >>> all right. in today's top stories, the u.s. is five days away from going over the fiscal cliff. president obama is cutting his holiday vacation short, returning to washington
a big big portion of the problem. thank you. host: what energy end of the year energy issues are we looking at here and which ones are likely to get punted down the road? guest: that's a good question. i'm not sure what energy issues -- i'm not aware of any -- host: tax issues? guest: tax issues for the fiscal cliff. but going down the road you definitely have some issues. there's the need for a new highway bill, they've had trouble tasking the highway legislation because no one is willing to increase the gas tax. and our gas taxes are the main ways we pay for new roads and bridges and that kind of thing. so i think that's a relatively short-term problem. and then over the long term, which i've talked about here before, is that given that we're going to need some rev now help solve our future fiscal burden, one of the most sensible places to raise revenue would be through a carbon tax or something similar because that can also help us reorient our energy priorities to cleaner, less damaging greenhouse gases type of energy. host: i want to note that you can go to the c-span fiscal cl
the energy airforce base. during the reagan administration, a great big commission that sounfound a soln for social security, these were big public fora where discussions were held with the public and now everything seems to be happening behind closed doors. why could openness happened in years past and today we can seem to get to deal? >> in large measure because the media has so changed. in those days, you did not have 24-hour coverage. what you find with 24-hour coverage if an idea services, at 10:00 a.m., it is dead by 2:00 p.m. because everybody goes to the cameras. the cameras are there. ever-present and wine to -- wanting to hype something. before you debate it is dead. you really see that around here. >> there has been a fair bit of criticism of the president for not embracing the findings of that commission. what is your take? >> i advised the president not to embrace the specifics because i feared if he did, house republicans would automatically be in opposition. if you are part of the commission you saw that dynamic. there were 18 of us. six representing the president, six rep
you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >> announcer: from our family to yours. happy holidays, cramerica. peace and prosperity from all of us here at "mad money." >>> welcome back to "mad money" special earnings season companion show. how not to be overwhelmed by earnings reports and put them into perspective so you can profit from them in an informed and confident way, make money at home. we just went over how i like to use the earnings reports themselves to figure out the growth rate and relate it to the earnings report to figure out whether it's too expensive or too cheap against its sector and the rest of the market. the next way i use the earnings report is equally as important in some ways because of what i call the etf-ization of the market even more than the growth rate versus the price of the stock and earnings per share. i measure the stock's earnings growth ag
? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. >> google. intel. e-bay. yahoo, think of the wealth they created. 100,000 millionaires. and south africa computer program has it easier than when the indians want to come in but they have to wai he would have to wait six years. what if america did nott google or
and investments they make and the clean energy jobs they create. 2 million americans out of work that are out there looking every day will continue to receive unemployment benefits as long as they are actively looking for job. but i think we all recognize this lot is just one step in the broader effort to strengthen our economy and brought an opportunity for everybody. -- this law. the fact is the deficit is still too high. we are still investing too little in the things that we need for the economy to grow as fast as it should. that is why speaker john boehner and i originally tried to negotiate a larger agreement that would put the country on a path to paying down its debt while also putting americans back to work, rebuilding roads and bridges for, and providing investments in areas like education and job-training. unfortunately, there just was not enough support or time for that kind of large agreement in a lame-duck session of congress. that failure comes with a cost as the mess in nature of the process over the last several weeks has made business more uncertain and consumers less confid
energy and oil. >> i think that reflects an understanding of where the country is. the u.s. whatever you think about how long troops should remain in afghanistan. i think everybody thinks that's enough with that kind of commitment of u.s. forces overseas. >> is our mission to eliminate taliban? it never was our mission. it is nation building? is it sending children to school? is it building sewer systems? is it going after al-qaeda? so, all those factors are complicated but they have to be carefully thought through and i'm not sure we've done that very well in the last ten years, but i do think we will do it smarter. we always learn. they're tough lessons to learn. vietnam was a tough lesson for us to learn. (instrumental music) >> but even as the war on terrorism winds down, the nuclear threat is surfacing once again. >> iran is working on a longer-range missile capability, an intermediate range missile, that could reach europe. and these guys are good. eventually they will develop an icbm that could reach the united states. >> the iranians are being continuing to amass technologies, le
positive surprise, supply-driven decline in energy prices well beyond what the markets are handicapping. i can't say that's a 2013 event but it does seem like the clues are piling up in that direction. that would be tremendously bullish. that's an underappreciated element of a '90s boom. very cheap energy without being driven by economic weakness. that's one thing. and then i guess on the potential negative side, i really do think that there's always the chance that the central banks have kind of, you know, kind of -- they basically have the system in therapy right now and they think they have the medical dosages right in terms of free money. and if they sort of lose control, whether it's in europe or somewhere else, i really do think the markets should be unprepared for that if we go down a few months down that road. >> mike, ezra, good to have you on the program. thanks so much. >> thank you. >> have a great new year. >>> up next on the "the wall street journal report," the faces that made the news of 2012 on our show. we will bring you the best of the best. find us on facebook/mariabart
, the rule of law for all, the right of peaceful nuclear energy for all. >> but do you want, do you want, mr. -- >> allow me, sir. allow me. >> the question wasn't any of that. >> but i will get to that answer. don't be in such a hurry. >> should israel be wiped off the face of the map? is that your desire? >> translator: if a group comes and occupies the united states of america, destroys homes while women and children are in those homes, incarcerate the youth of america, impose five different wars on many neighbors and always threaten others, what would you do? what would you say? would you help it? would you help that entity or what you help the people of the united states? so when we say -- when we say to be wiped, we say for occupation to be wiped off from this world, for war seeking to be wiped off and eradicated, the killing of women and children to be eradicated and we propose the way, we propose the path. >> what they're really saying is despite the fact we deny the holocaust, threaten israel, demonize the united states and all this stuff, we want you to trust us. in spite of the fa
of renewable energy. these things are some of the changes in environmental law relative to emissions -- they are all part of that effort. we have got to do more. we have to build on that. but it is certainly a commitment. one thing we recognize is that it does not have to be a competition between our economy and our health, because renewable energy and clean energy have economic benefits that are pronounced, and people understand that. so we highlighted the issues we felt needed to be highlighted for voters who are going to make the decision in the election, but the president's agenda is reflected in his work, and i expect he will continue to work hard on this issue is. >> let's take these last questions as we wrap this up. >> thanks for coming back to the university of chicago. i have a quick follow up. yourding super pac's -- just now reclaim your concerns about unlimited money in campaign financing. on the other hand, we saw earlier today had democrats were already oiling up their machines for 2014 and 2016. what are the prospects for repealing citizens united or comprehensive cam
want to switch topics. he has also been a big step in of energy policy -- champion of energy policy. discovery of natural gas in your state has changed the economy. where do you think this new discovery of this resource is going to lead us? >> i did it is incredibly positive for the united states. we of gone from 60% foreign energy dependence down to 40%. there are a lot of projections now the we could become energy independent over the next several decades. that would be an incredible boon to this country. instead of sending $400 billion or five order billion dollars abroad every year to buy scarce energy supplies for people who do not particularly like us, we could be spending that at home. think of the difference that will make to the economic strength of united states. think about what it will mean to job opportunities, the economic strength of america. natural gas is a very clean resources compared to many of the other options. our progress . on reducing dependence has also been on grenoble's. -- progress on reducing dependence has also been on renewables. all across north dako
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